Q2 EPS Estimates for Owlet Lowered by Northland Securities

Owlet, Inc. (NYSE:OWLT) – Equities researchers at Northland Securities cut their Q2 2026 earnings estimates for Owlet in a report issued on Tuesday, March 24th. Northland Securities analyst O. Rickert now forecasts that the company will earn ($0.21) per share for the quarter, down from their previous estimate of ($0.20). Northland Securities currently has a “Outperform” rating and a $20.00 target price on the stock. The consensus estimate for Owlet’s current full-year earnings is ($0.76) per share. Northland Securities also issued estimates for Owlet’s Q3 2026 earnings at ($0.17) EPS, Q4 2026 earnings at ($0.20) EPS and FY2026 earnings at ($0.76) EPS.

Several other analysts have also recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Owlet in a report on Friday, March 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Owlet in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Owlet from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Zacks Research lowered shares of Owlet from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, William Blair assumed coverage on shares of Owlet in a research report on Tuesday, December 9th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.00.

Owlet Price Performance

Shares of OWLT opened at $4.90 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.85 and a debt-to-equity ratio of 0.13. The stock has a market cap of $138.01 million, a PE ratio of -1.81 and a beta of 1.77. Owlet has a 12-month low of $2.75 and a 12-month high of $16.94. The business has a 50-day simple moving average of $10.09 and a two-hundred day simple moving average of $10.82.

Owlet (NYSE:OWLT) last released its quarterly earnings data on Thursday, March 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.10. The firm had revenue of $26.55 million for the quarter, compared to analyst estimates of $26.01 million.

Hedge Funds Weigh In On Owlet

A number of hedge funds and other institutional investors have recently made changes to their positions in OWLT. Occudo Quantitative Strategies LP bought a new stake in Owlet in the fourth quarter valued at approximately $276,000. Millennium Management LLC bought a new position in Owlet during the 4th quarter worth approximately $591,000. Manatuck Hill Partners LLC acquired a new position in shares of Owlet in the 4th quarter worth approximately $1,619,000. Engineers Gate Manager LP acquired a new position in shares of Owlet in the 4th quarter worth approximately $246,000. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Owlet by 182.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 63,678 shares of the company’s stock valued at $1,031,000 after purchasing an additional 41,115 shares during the last quarter. 72.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Owlet

In other news, CEO Jonathan Harris sold 2,311 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $13.33, for a total value of $30,805.63. Following the completion of the sale, the chief executive officer owned 264,396 shares of the company’s stock, valued at approximately $3,524,398.68. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 52.20% of the company’s stock.

Owlet Company Profile

Owlet Baby Care, Inc is a consumer health technology company specializing in the design and manufacture of smart baby monitoring products. The company’s flagship device, the Owlet Smart Sock, is a wearable monitor that tracks a newborn’s heart rate and oxygen saturation levels and transmits real-time data to a mobile app. Owlet has since expanded its product suite to include the Owlet Cam, an HD video monitor with audio and motion alerts, and the Dream Sock, a non-wearable device that collects sleep metrics to help parents understand and improve their baby’s rest patterns.

Founded in 2013 by engineer and father Kurt Workman, Owlet is headquartered in Lehi, Utah.